STOCK EXCHANGE: A bad day for Nokia, a big price rise for Oma Säästöpankki from the takeover offer

The Helsinki Stock Exchange ended up with a clear rise, especially when Nokian the stock had a “dirty day”. The general index OMX Helsinki rose 2.5 percent to 13434.42 points.

Nokia’s share has a weight of about 17 percent in the general index, and the share rose 9.6 percent on Thursday. With an index weight of just over 16 percent, Nordea’s share price rose by 1.1 percent.

The weight-limited OMX Helsinki Cap also ended up with a 1.5 percent increase, so there were brisk risers behind Nokia and Nordea as well.

Sammon the share price rose by 1.95 percent to 9.62 euros. Goldman Sachs raised the recommendation on Sampo’s stock to the “buy” level from the “neutral” level. The target price rose to 10.60 euros from 9.70 euros.

Purchase offer from Oma Säästöpankki

The news of the day is a business arrangement that may end My Savings Bank exit from the stock exchange. S-Bank announced a voluntary cash purchase offer for all Oma Säästöpankki shares. The offer price is EUR 17.20 per share.

The share price ended with a 43.6 percent increase close to the purchase offer level at 16.80 euros.

The offer period is expected to start on July 17 and end on September 25. The deal is estimated to be completed in the last quarter of 2026 after regulatory approvals.

Nokian Tires Danske Bank lowers the stock’s recommendation to a “hold” level from the previous “buy” level. Instead, the target price rises to EUR 13.00 from EUR 11.50.

The share price of Nokian Tires had risen by 1.3 percent to 12.89 euros.

The quantum computer company that listed in New York and Helsinki last week IQMthe difference in the quotation prices of the shares on different markets has shrunk over the course of the week, but it still hasn’t disappeared. The narrowing of the gap has practically meant big down days in Helsinki.

The price difference enables so-called arbitrage trades for those investors who operate in both markets. Exploiting the price difference usually eliminates the price difference completely or almost completely in the end.

IQM’s share price ended up in Helsinki by 3.5 percent to 10.70 euros. At the Nasdaq in New York, the share deposit certificate was quoted at around the same time at USD 11.99, or around EUR 10.49. From the beginning of the week, the difference was at most 10-20 percent when both markets were open.